Program Name |
Conventional Loan Rate |
Government Loan Rate |
---|---|---|
Military Home | N/A | 5.375%* |
First Home Targeted | 5.875%* | 5.375%* |
First Home | 6.125%* | 5.625%* |
Homebuyer Assistance (HBA) | 6.375%* - 1st loan 1.000%* - 2nd loan |
5.875%* - 1st loan 1.000%* - 2nd loan |
Welcome Home++ | 6.875%* | 6.375%* |
Welcome Home Assistance (WHA)++ | 7.125%* - 1st loan 1.000%* - 2nd loan |
6.625%* - 1st loan 1.000%* - 2nd loan |
Last changed 03/25/2024 at 9:00 a.m
*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice.
++An origination fee up to 0.50% of the loan amount may be charged by Lender.
Program Update #20-02 dated 01/14/20
NIFA is eliminating the Extended Lock Option for new construction units. The reason for this change is due to the lack of demand. NIFA will allow Participating Lenders to submit final extended loan reservations as long as they are processed in Lender Online no later than Friday, January 31, 2020.
Please contact anyone on the Homeownership Team with questions. Thank you!